PROPIPE LTD
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2027-01-05 (in 8mo)
Last made up 2025-12-22
Watchouts
None on the register
Cash
£874K
-17.1% vs 2024
Net assets
£3M
-15.3% vs 2024
Employees
65
+14% highest in 5 filed years
Profit before tax
£311K
-3.6% vs 2024
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2025-01-31
| Metric | Trend | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £10,844,634 | £10,598,581 | |
| Operating profit | — | — | — | — | £309,397 | £300,695 | |
| Profit before tax | — | — | — | — | £322,473 | £310,730 | |
| Net profit | — | — | — | — | £158,000 | £249,757 | |
| Cash | £156,591 | £457,777 | £378,724 | — | £1,054,652 | £873,872 | |
| Total assets less current liabilities | £2,029,166 | £2,215,345 | £2,451,679 | — | £3,407,272 | £2,892,147 | |
| Net assets | £1,992,012 | £2,181,368 | £2,396,796 | — | £3,182,320 | £2,695,488 | |
| Equity | £1,992,012 | £2,181,368 | £2,396,796 | £3,000,620 | £3,182,320 | £2,695,488 | |
| Average employees | 44 | 49 | 52 | — | 57 | 65 | |
| Wages | — | — | — | — | £6,076,131 | £5,362,715 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 2.9% | 2.8% | |
| Net margin | — | — | — | — | 1.5% | 2.4% | |
| Return on capital employed | — | — | — | — | 9.1% | 10.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | 62.3% | 62.5% | |
| Current ratio | — | — | — | — | 1.02x | 0.90x | |
| Interest cover | — | — | — | — | — | 26.94x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Bell Anderson Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- PROPIPE LTD · parent
- Profile International Limited 100%
- Turbulent Research Limited 85%
Significant events
- “On 19 July 2024 the company purchased all of shares from a former director Mr M Black.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FINDLAY, Warren | Secretary | 2007-12-01 | — | British |
| FINDLAY, Warren | Director | 2015-08-17 | Sep 1974 | British |
| FORSTER, David John | Director | 1998-04-30 | Aug 1967 | British |
| MCKNIGHT, Robert William | Director | 1998-04-30 | Oct 1971 | British |
| SPRAGGON, John | Director | 2014-06-19 | Feb 1962 | British |
| WILKINSON, Geoffrey | Director | 2019-06-07 | Aug 1982 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRITT, Alan Daniel | Secretary | 1997-12-22 | 1998-04-30 |
| FORSTER, David John | Secretary | 1998-04-30 | 2007-12-01 |
| FIRST SECRETARIES LIMITED | Corporate Nominee Secretary | 1997-12-22 | 1997-12-22 |
| BARRITT, Alan Daniel | Director | 1997-12-22 | 1998-04-30 |
| BARRITT, Judith | Director | 1997-12-22 | 1998-04-30 |
| BLACK, John Anthony | Director | 1998-04-30 | 2017-12-27 |
| BLACK, Michael | Director | 1998-04-30 | 2019-06-07 |
| FIRST DIRECTORS LIMITED | Corporate Nominee Director | 1997-12-22 | 1997-12-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Robert William Mcknight | Individual | Shares 25–50%, Voting 25–50% | 2024-07-19 | Active |
| Mr David John Forster | Individual | Shares 25–50%, Voting 25–50% | 2024-07-19 | Active |
| Mr Warren Findlay | Individual | Significant influence | 2016-12-01 | Active |
Filing timeline
Last 20 of 104 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-24 | AA | accounts | Accounts with accounts type full | |
| 2026-04-01 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-31 | GAZ1 | gazette | Gazette notice compulsory | |
| 2026-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-31 | AA | accounts | Accounts with accounts type small | |
| 2024-09-12 | SH03 | capital | Capital return purchase own shares | |
| 2024-08-14 | SH06 | capital | Capital cancellation shares | |
| 2024-08-07 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-07 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-31 | AA | accounts | Accounts with accounts type small | |
| 2023-08-16 | AAMD | accounts | Accounts amended with accounts type small | |
| 2023-01-31 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-14 | AR01 | annual-return | Annual return company with made up date full list shareholders | |
| 2021-12-14 | AR01 | annual-return | Annual return company with made up date full list shareholders | |
| 2021-10-29 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2021-09-30 | AR01 | annual-return | Annual return company with made up date full list shareholders |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-01-31 vs 2024-01-31
-
Turnover
-2.3%
£10,844,634 £10,598,581
-
Cash
-17.1%
£1,054,652 £873,872
-
Net assets
-15.3%
£3,182,320 £2,695,488
-
Employees
+14%
57 65
highest in 5 filed years
-
Operating profit
-2.8%
£309,397 £300,695
-
Profit before tax
-3.6%
£322,473 £310,730
-
Wages
-11.7%
£6,076,131 £5,362,715
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers